Global Direct General Insurance Carriers: Market Research Report

The global economy presents its own set of opportunities and threats for businesses in a range of industries. IBISWorld’s Global Direct General Insurance Carriers global market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report focuses on industry performance in key regions around the world and identifies the leading companies globally.

Market Share of Companies

AIG

Allianz

AXA

State Farm Insurance

Industry Statistics & Forecast

Revenue

$1tr

Annual Growth 10-15

2.5%

Annual Growth 15-20

Profit

Employment ('000)

1,477

Businesses

41,996

Industry Analysis & Industry Trends

The Global Direct General Insurance Carriers industry provides protection from the costs arising from a variety of events, such as auto accidents, natural catastrophes and medical malpractice. In the five years to 2015, industry revenue grew only modestly as investment income plummeted and premium prices softened in developed markets. As a result, industry firms have increasingly turned their focus to emerging markets, where increased wealth is creating new demand for insurance products. Revenue is expected to grow at a stronger rate in the five years to 2020, as demand rebounds and the industry's largest players consolidate... read more

Industry Analysis

The Global Direct General Insurance Carriers industry plays a vital role in worldwide economic development by lessening the financial volatility that results from large losses among households and businesses. To do this, the industry assumes inherent risks in asset ownership and production in order to facilitate global investment, production and consumption of both goods and services. The market can broadly be split into two categories: personal lines and commercial lines. Personal lines, which account for an estimated 50.2% of industry premiums, provide financial protection against an array of risks and legal liabilities associated with automotive and home ownership... read more

What is the Global Direct General Insurance Carriers Industry?

Businesses in this industry initially underwrite insurance policies relating to property, casualty, liability and other general risks. In underwriting insurance policies, general insurers earn premiums that they then invest to generate additional income. The underwriting of life, disability, health and medical insurance represents a separate industry, although many businesses compete in both insurance markets.